The global pediatric wheelchair market size is expected to expand on account of the rising demand for advanced wheelchair for transportation purposes for needy people in all age groups, observes Fortune Business Insights™, in its report titled, “Pediatric Wheelchair Market, 2023-2030.”
The rising incidents and accidents often lead to physical disability in some people causing them discomfort in travelling and moving around in their day-to-day life. These pediatric wheelchairs are especially designed for such people to overcome the inconvenience. The primary purpose of these chairs is for specially-abled kids or aged people who face health issues and need to be escorted. Manufacturers ensure that the pediatric wheelchair is built with utmost comfort, luxury, and is extremely functional. Producers also make sure the wheelchair is lightweight, portable, but sturdy at the same time. For example, Norwalk Robotics designed a personalized pediatric wheelchair in August 2019, with advanced ability installed in both handles to help kids with mobility.
Fortune Business Insights™ lists out all the pediatric wheelchair market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Ottobock
- Sunrise Medical
- Roma Medical Aids
- Guangdong Shunde Jaeyong Hardware
- Medline
- Drive Medical
- MJM International
- Sammons Preston
- Vive
- TumbleForms
- Graham-Field
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Highlights of the Report
The pediatric wheelchair market report offers a holistic evaluation of the overview and the segments of the market. A thorough study of the current trends and future opportunities in the market is presented in the report. It also provides in-depth analysis of the regional insights and how these factors shape the market in respective regions. The impact of COVID-19 pandemic is added for further understanding of the possible threats in the market. The prominent strategies of leading players and how they propel the market growth are discussed in the following report.
Market Drivers
Rising Demand for Technologically Sound Wheelchairs to Boost Market Growth
The increasing world-wide population in addition to the rising awareness of utilizing home healthcare equipment to monitor and detain health conditions has fueled the pediatric wheelchair market globally.
According to the World Health Organization, around 1 billion people are anticipated to survive with disability. This equates to around 15% of the world’s total population. Around 3.8% of people of the age of 15 years and older having substantial difficulties in functioning physically, often require healthcare services. The number of people living with disability is surging with each passing day, in part due to ageing populations, increasing accidents, and rising chronic health conditions.
Despite help from the government, people are not able to afford home healthcare products, such as pediatric wheelchairs as they cost a fortune for economically unstable people. The higher manufacturing and selling cost is expected to hinder the market growth.
Market Segment
On the basis of product type, the global pediatric wheelchair market is divided into small child wheelchair, sporting wheelchair, and strollers among others.
Based on end-users, the market is further categorized into kids and adults, disabled people, and aged people.
By distribution channels, the market is segmented into offline and online.
In terms of region, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Regional Insights
North America to Ace the Market Backed by Government Provisions for Public Welfare
North America is expected to maintain its leading position and hold major shares in the pediatric wheelchair market. The government has several provisions for the welfare of the citizen and home health care products which would lead to the huge utilization of wheelchairs in this region.
Asia Pacific is anticipated to witness substantial growth on account of the rising geriatric population in this region. According to the Ministry of Internal Affairs, in September 2020, the total expected number of people aged 60 and older in Japan accounted for 36.17 million which is around 28% of the total world population. This requires countries such as China and Japan to maintain home health care products such as pediatric wheelchairs to provide for the elderly. This is estimated to bolster the market growth in this region.
The Global Pediatric Wheelchair Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Pediatric Wheelchair ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Pediatric Wheelchair Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Pediatric Wheelchair Market? What Was Capacity, Production Value, Cost and PROFIT of Pediatric Wheelchair Market?
- What Is Current Market Status of Pediatric Wheelchair Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Pediatric Wheelchair Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Pediatric Wheelchair Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Pediatric Wheelchair Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Pediatric Wheelchair Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Pediatric Wheelchair Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Pediatric Wheelchair Industry?
Competitive Landscape
Acquisition Announcement by Sunrise Medical to Stimulate Market Growth
Prominent players in the market often come up with efficient strategies that include partnerships, acquisitions and mergers, product launches, and more. These strategies would bolster their position and make them leading players. It would also benefit the other involved companies.
For example, in October 2020, Sunrise Medical, a crucial provider of pediatric wheelchair announced the successful acquisition of two prominent global pediatric brands, namely, Leckey and Firefly. This is anticipated to extend Sunrise Medical’s pediatric product line and raise service quality. At the same time, it would provide a strong supportive fit to its already existing pediatric mobility portfolio.
Industry Development
October 2020: Invacare, a leading brand in manufacturing electric power wheelchairs, announced the launch of The Kompas which is its most compact folding power chair, designed especially for consumers demanding to independently maintain an active and healthy lifestyle. With this new launch, Invacare is expected to set footprints as one of the top producers in the pediatric wheelchair market.
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